๐ต๐ฐ Pakistanโs CryptoRegulation News โ August 2025 Details ๐ข
๐ก๏ธ New Authorities Formed
๐ Pakistan officially launches:
๐น PVARA โ Pakistan Virtual Assets Regulatory Authority
๐น PCC โ Pakistan Crypto Council
These bodies will oversee licensing, compliance, and innovation in the digital asset space.
๐ฃ Finance Minister Aurangzeb Speaks Out
๐ฌ โWe exited the FATF grey list after 6 tough years. We wonโt risk slipping back.โ
He warns that unregulated crypto flows could trigger international scrutiny, sanctions, and reputational damage.
๐ Why Now?
๐ฅ Over 25 million Pakistanis โ mostly youth โ are engaged in digital businesses
๐ธ Billions in informal crypto trading
๐ Rising adoption of blockchain, AI, and Web 3.0
๐ง Pakistan must accelerate its shift to the new economy
๐ Regulatory Framework Highlights
๐งพ Ordinance passed to establish PVARA (valid for 4 months)
๐๏ธ Parliamentary committees to review permanent legislation
๐ Includes:
โโข Licensing regime
โโข AML/KYC protocols
โโข Regulatory sandbox for innovation
โโข FATF-aligned compliance rules
๐ Global Inspiration
๐ Pakistan is studying models from:
โ๐ฆ๐ช Dubaiโs VARA
โ๐ธ๐ฌ Singaporeโs MAS
โ๐ช๐บ EUโs MiCA
To avoid reinventing the wheel and fast-track adoption
๐ก Tech Meets Policy
๐ Blockchain to power e-KYC, remittances, and financial inclusion
๐ฆ State Bankโs e-KYC pilot already streamlining account openings
๐ Up to 90% reduction in paperwork with distributed ledger tech
๐ฏ Vision Forward
Aurangzeb promises a balanced approach:
โ Enable innovation
โ Attract investment
โ Protect financial integrity
โ Empower youth & private sector
